Search Results: 2022

Photo credit: ADB The Pacific is expected to sustain its economic recovery, with growth across all of Asian Development Bank’s (ADB) Pacific developing member countries this year, according to the Asian Development Outlook (ADO) April 2023, ADB’s flagship economic publication, released today. Pacific economies expanded by an average of 5.2% in 2022 ...

K92 Mining Inc. announces production results for the first quarter (“ Q1 ”) of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 21,488 oz AuEq or 17,593 oz gold, 1,651,297 lbs copper and 29,859 oz silver. Sales during the first quarter were 17,602 oz gold, 1,538,590 lbs copper and 29,164 oz silver. During the first quarter, the process plant deli...

Photo: President of the PNG Chamber of Mines and Petroleum Mr Anthony Smaré Last year, the 16th Papua New Guinea Mining and Petroleum Investment Conference and Exhibition was held from 5th to 7th of December 2022 at Sydney Hilton Hotel. The event was hosted by the Papua New Guinea Chamber of Mines and Petroleum with the theme "PNG Resources: Securing t...

Papua New Guinea’s economy has recovered above its pre-pandemic GDP, with high commodity prices and the removal of COVID-19 restrictions accelerating economic growth to 4.5 percent for 2022, the World Bank’s latest Economic Update for Papua New Guinea has found. The World Bank Papua New Guinea Economic Update reports that PNG’s fiscal deficit is estima...

Photo: Group photo after the Business Matching meeting in October 2022 between PNG and Indonesia SMEs Are you an entrepreneur and looking to grow your business to another level? Look no further, as AIDAN Limited is an international consultancy, networking and business development company aiming to empower entrepreneurial professionals and creating Inte...

Photo: Barrick Executives, PNG National Executive Council and the Governor General Sir Bob Dadae (center) at the Goverment House following the NPPA signing. Barrick Gold Corporation – The government of Papua New Guinea, Barrick Niugini Limited and New Porgera Limited today signed an agreement to progress with the resumption of operations at the Porgera...

The National Maritime Safety Authority (NMSA) of Papua New Guinea has further improved the country’s oil spill response capabilities.  February saw senior representatives from key maritime stakeholders attend Level 3 Oil Spill Response Training in Port Moresby.  The training comes on the back of the country’s first National Spill Response Exercise held la...

The St John ambulance service responded to over 21,000 emergencies across Papua New Guinea in 2022. In addition to being Papua New Guinea’s main emergency ambulance service, St John is the nation’s leading first aid training provider equipping thousands of workers with essential first aid skills and knowledge. With just one day of training, St John’s e...

Papua New Guinea (PNG) is poised to supply Taiwan with its liquefied natural gas (LNG) as the latter phases out nuclear power plants by the end of 2025. With Taiwan's demand for energy expected to increase during its transition to renewable power capacity, PNG is set to become a crucial supplier of LNG and raw materials, which will create job opportunitie...

Photo: PM Marape Prime Minister Hon. James Marape says the Independent Commission Against Corruption (ICAC) is now being operationalised after establishment by law in November 2020. He also said the Ombudsman Commision would remain, however, would be subject to review of its roles and responsibilities. PM Marape said this in Parliament on Tuesday...

Photo credit: The Pick Lole Mining Limited, the new developer of the Tolukuma Gold Mine in Central Province, has recently developed an initial public offering (IPO) to be listed on the Australian Stock Exchange. Mineral Resource Authority managing director, Jerry Garry, told the Post Courier, "The company will be raising their capital from the stock ma...

Group photo with the Tourism Minister and agency heads of the NCC and NMAG, including the board, management and staff of the PNG Tourism Promotion Authority.  Credit: Roan Paul Photography The Tourism Promotion Authority proudly launched its four-year Corporate Plan 2023-2026, at The Stanley Hotel in Port Moresby, last week Friday 17th March, 2023.  ...

Photo: PM Marape meeting with the Korean delegation leader Park Byeong-seug, who is representing Korean President H.E. Yoon Suk Yeol. Trade between Republic of Korea and Papua New Guinea was worth US$1.8 billion (K6.33 billion) in 2022, a massive 240 per cent increase from 2021, according to a high-level Korean delegation visiting PNG. The delegatio...

Photo Credit: Papua LNG - Map showing 260 km of offshore pipeline and 60 km of onshore pipeline extending from Elk and Antelope fields to Caution Bay On March 07, 2023, in separate announcements, Santos, TotalEnergies, and Exxon announced the Papua LNG project had launched the first phase of a fully integrated front-end engineering and design (FEED) fo...

Photo credit: PNG Tourism Promotion Authority The Tourism Promotion Authority (TPA) has confirmed that over 100 cruise liners will be visiting PNG this year, bringing in an estimated US$40 million (about K137.10 million), according to an official. During the launch of the TPA Corporate Plan 2023-2026 in Port Moresby on Friday, CEO Eric Uvovo stated tha...

Photo credit: EMTV Kumul Minerals Holdings Ltd (KMHL) has made a significant contribution to the State, paying K105 million in dividends. The payment was handed over to State Enterprises Minister William Duma by KMHL Chairman Dr Ila Temu. Speaking about the dividend payment, Dr Temu said, "Kumul Minerals hold 67 per cent in Ok Tedi, through the Governm...

Photo: On January 17th, Ambassador Jacques Fradin met with Hon. Mannaseh Makiba, Minister for Bougainville Affairs, to discuss important matters of mutual interest. Photo credit: European Union in Papua New Guinea European Union (EU) shares the same values of nation building as Bougainville according to Ambassador Jacques Fradin, Head of Delegation to ...

Photo: Looking back: Happy memories with the locals at Yandera, Madang Province in 2014. From 2006 until 2014, the Yandera Project was owned and managed by the Australian company, Marengo Mining Limited, with Mr Les Emery as their CEO. (Photo credits: Mr Les Emery) The Yandera Project in Madang Province, PNG, is considered to be one of the world's larg...